And at least questions should be asked about whether the three editors who accepted guaranteed jobs under the editorial side agreement, in an effort to help mitigate the consequences of a deal, helped pave the way for one.

And the Bancrofts would need to sell their shares (at a price far below $60, I’m afraid) to a creative and patient investor who doesn’t need income now. That would be a final, and gracious, act of stewardship.

1. An excellent WSJ graphic on the family is available here.

2. Take and Give: Condemnation Is Used To Hand One Business Property of Another —- Tactic by Local Governments Seeking Jobs and Taxes Is Protested as Unfair —- BMW Yes, Mitsubishi No

December 2, 1998
The Wall Street Journal
A1

3. Dow Jones sold its Telerate business to Bridge Information Systems Inc. in 1998 at a loss of more than $1 billion, then wrote down an equity stake in Bridge, which filed for bankruptcy in 2001.

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